Loans & Grants
09/10/2013 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé le 7 octobre à Tunis le financement par le Fonds africain de développement (FAD) de l’étude du projet d’interconnexion des réseaux électriques du Cameroun et du Tchad.
09/10/2013 - The Council of the Least Developed Countries Fund (LDCF) hosted by the Global Environment Facility has approved on September 20, 2013 a project aiming at strengthening climate resilience of infrastructure in coastal areas in Togo through a grant of USD 8.93 million. This project will enable the construction of specific infrastructure that will protect the littoral, transport infrastructure in particular, from sea-level rise in the areas of Baguida Plage and Kossi Agbavi.
04/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2 a senior loan of up to US $150 million to finance a 300MW coal-fired power plant as well as the revamping of the Maamba coal mine in Maamba, Zambia. The project aims to tackle a severe environmental concern at the mine caused by the unregulated and spontaneous self-combustion of tons of currently unused low-grade coal while producing much-needed electricity for the country and the region.
03/10/2013 - The International Federation of Red Cross and Red Crescent Societies (IFRC) and the African Development Bank (AfDB) signed a Memorandum of Understanding (MoU) on Thursday, October 3 in Tunis establishing a partnership of cooperation, aimed at providing assistance to improve the lives of the most vulnerable in Africa.
03/10/2013 - On Thursday October 3, 2013, the African Development Bank (AfDB) and the Government of Sudan signed a Protocol of Agreement for Technical Assistance for the preparation of a full Poverty Reduction Strategy Paper (PRSP). The grant is financed with UA 1.97 million (US $3.2 million) from Pillar III of the Fragile State Facility. Most of the funds will go towards financing a National Baseline Household Survey (NBHS) in all 18 states in Sudan, which will be the first since the secession of South Sudan.
02/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2, a financial package consisting of US $20 million in additional equity and a US $50-million line of credit (LOC) to finance projects in the Eastern and Southern African Trade and Development Bank (PTA Bank) member states.
02/10/2013 - The Board of the African Development Bank (AfDB) approved the Lake Turkana Transmission Line Delay Partial Risk Guarantee for €20 million, the first of the African Development Fund’s Partial Risk Guarantees (ADF PRG). The ADF PRG is a risk mitigation instrument that covers private lenders and investors against the risk of a possible government failure to meet contractual obligations to a project.
01/10/2013 - With African Development Bank (AfDB) support, Ghana has received $9.75 million approval from the Climate Investment Funds’ (CIF) Forest Investment Program (FIP) to undertake the Engaging Local Communities in REDD+/Enhancement of Carbon Stocks (ELCIR+) project. The ELCIR+ project will help reduce deforestation and forest degradation, increase carbon stocks and reduce poverty by engaging communities in land management approaches that generate financial and environmental benefits for them.
27/09/2013 - With African Development Bank (AfDB) support, Zambia has received approval for a $38 million infusion of support from the Climate Investment Funds’ (CIF) Pilot Programme for Climate Resilience (PPCR) to undertake the Strengthening Climate Resilience in the Kafue Sub-Basin project. The project will have two components: strengthening the capacity of 800,000 rural communities who depend on rain-fed agriculture and natural resources to better respond to the consequences of climate change including floods and droughts; and strengthening the climate resilience of rural roads that link farmers to markets and to the Kafue National Park.
26/09/2013 - The Board of Directors of the African Development Bank (AfDB) Group met on Wednesday, September 18, 2013 in Tunis and approved US $43.27 million (UA 28.845 million) to finance Sierra Leone’s Rural Water Supply and Sanitation Project, which aims to increase access to water and sanitation in the rural areas of the country. The overall goal of the project is to contribute to the Sierra Leone’s Poverty Reduction Strategy Agenda for Prosperity and achievement of the water supply, sanitation and hygiene targets set out in the Millennium Development Goals (MDGs).
Categories: Tunisia, Sierra Leone, Water Supply & Sanitation, Poverty Reduction, Millennium Development Goals (MDGs), Human Capital Development, Education, Climate Change, Infrastructure, Fragile States Facility, Global Environment Facility (GEF), Rural Water Supply & Sanitation Initiative, ADF